Coinbase expands in the Brazilian market with Pix and Ebanx

Coinbase has announced that it is expanding its presence in Brazil by integrating Pix and partnering with Ebanx. Coinbase already exists in Brazil, with several initiatives launched in the past. The development helps the venture better accomplish its mission of making the crypto economy accessible to everyone in Brazil.

The integration with Pix brings the capacity to empower users to top up and withdraw their accounts using Brazilian Reals. Pix is a payment platform that is managed by the Central Bank of Brazil. The bank is also credited with the creation of Pix. Coinbase will now use Brazilian Real, making it easier for customers to fuel their accounts.

Ebanx is a payment solution that has partnered with Coinbase. The latter has claimed in the announcement that the partnership truly reflects its priorities: safety and trust. 

Moreover, Ebanx and Coinbase will facilitate innovators in expanding the crypto economy while bringing their customers all the benefits of Web3.

That is not the end, as Coinbase has gone a step ahead to ensure that the experience of people in Brazil matches the global standard. The venture has, therefore, customized the comprehensive platform to meet the local needs of the market, including making the application available in Portuguese with a chat support system available throughout the day and night.

This means that it is now easier for customers to join Coinbase. When customers encounter difficulty, they can contact customer support at any point. The Coinbase customer service team is available 24 hours a day, seven days a week.

Coinbase has been working hard to give Brazilians the tools they need to participate in the crypto economy. One of the recent developments launched by Coinbase was a technology hub. It was launched in 2021 by leveraging the potential of Brazilian experts in developing crypto and Web3 technologies. What makes this interesting is the fact that the development extends beyond the region.

Coinbase is also credited with investing in Brazilian companies like Ledn and Hashdex.

In addition to these developments, Coinbase said it had given Fabio Plein more responsibilities. Earlier titled Country Director for Brazil, Fabio now also hails the title of Regional Managing Director Americas. Fabio receives these two titles for being one of the most valuable members of the venture. He rides high with his experience and knowledge in the technology sector related to consumer and finance.

Coinbase is one of the crypto businesses that has successfully entered the market in compliance with every relevant regulation. According to our Coinbase review, the venture is a publicly listed company in the US with over 3,000 cryptocurrencies and more than 150 trading pairs listed on the platform.

Coinbase’s expansion in Brazil demonstrates its commitment to the region, but it also demonstrates the company’s desire to realize its aim of making the cryptocurrency economy accessible to everyone worldwide.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button